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Evaluation of Factors Affecting Investment Decision Analysis Under Uncertainty Conditions with Fuzzy DEMATEL Approach

Author

Listed:
  • Tuğba Yalnız

    (Sakarya Üniversitesi, Siyasal Bilgiler Fakültesi, Ekonometri Bölümü, Sakarya, Türkiye.)

  • Gökçe Candan

    (Sakarya Üniversitesi, Siyasal Bilgiler Fakültesi, Ekonometri Bölümü, Sakarya, Türkiye.)

Abstract

Nowadays, there are many investment tools in the financial markets to assess the savings of individual investors. The diversity of investment instruments in the market makes it difficult for investors to make decisions about evaluating savings. However, developments and uncertainties in the economy affect the individual investor’s investment decision. The aim of this study is to reveal the economic, social, investment instrument characteristics and analysis techniques that can be usefulin the process of evaluating the savings of individual investors in financial investment instruments. The purpose of this study is to provide a new perspective by evaluating the relationships between the criteria affecting investment decision with the Fuzzy DEMATEL method. In addition to the support from the literature, my financial work experience contributed to my study in the process of determining the criteria included in the study. In this study, the Fuzzy DEMATEL method was used and the opinions of 10 experts responsible for financial decisions were taken. This research concludes that the most important factor that affects individual investors when making decisions is the analysis techniques used in the selection of investment instruments in line with the criteria used in the study.

Suggested Citation

  • Tuğba Yalnız & Gökçe Candan, 2019. "Evaluation of Factors Affecting Investment Decision Analysis Under Uncertainty Conditions with Fuzzy DEMATEL Approach," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 30(0), pages 49-64, June.
    • Handle: RePEc:ist:ekoist:v:30:y:2019:i:0:p:49-64
    DOI: 10.26650/ekoist.2018.30.0009
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    References listed on IDEAS

    as
    1. Adeel Mumtaz & Tahir Saeed & M. Ramzan, 2018. "Factors affecting investment decision-making in Pakistan stock exchange," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 5(04), pages 1-14, December.
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    More about this item

    Keywords

    Finance; Individual investor; Fuzzy DEMATEL; Uncertainty; Portfolio management;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General

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